INEOS licenses technology for new Turkmenistan petrochemical plant

The complex, which will be operated by Turkmengas, will include a 386,000 tpy line of high-density polyethylene (HDPE) using Innovene S technology alongside a 50,000 tpy black compounding line.

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INEOS has licensed its Innovene S process to Hyundai
Engineering for the Turkmengas new greenfield world-scale petrochemical complex in the
Balkan region of Turkmenistan, officials confirmed on
Tuesday.

The contract for construction of the gas-chemical
complex in Turkmenistan, including polyethylene, will be
built by a consortium consisting of LG International Corp.,
TOYO Engineering Corp. and Hyundai Engineering. This is the
first Innovene S license awarded to INEOS
Technologies in Central Asia.

The complex, which will be operated by Turkmengas, will
include a 386,000 tpy line of high-density polyethylene
(HDPE) using Innovene S technology alongside a 50,000 tpy
black compounding line.

"INEOS is very pleased to support the development of the petrochemical industry in
Turkmenistan with Turkmengas and Hyundai Engineering and look
forward to working with both companies to ensure the
successful start-up of this world-scale petrochemical complex on the
Caspian Sea," said Peter Williams, CEO of INEOS Technologies.

The Turkmengas plant will serve their customers with a broad
product range, including Bimodal PE 100 Pressure
Pipe, ensuring a competitive advantage for their
customers both in domestic and global markets.